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HONEYWELL ANNOUNCES PRICING OF SOLSTICE ADVANCED MATERIALS' OFFERING OF SENIOR NOTES IN CONNECTION WITH PLANNED SPIN-OFF
- Honeywell has announced that Solstice Advanced Materials has priced a private offering of $1 billion senior notes due in 2033 as part of its spin-off from Honeywell.
- The senior notes will bear interest at a rate of 5.625%, paid semi-annually, with the first payment due on March 31, 2026.
- Solstice will use part of the proceeds to make a distribution to Honeywell and cover costs related to the spin-off and the notes offering.
- The expected completion of the spin-off is in the fourth quarter of 2025, with certain conditions needing to be met for the release of proceeds.
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25 Articles
25 Articles
The Courier-Tribune+21 Reposted by 21 other sources
HONEYWELL ANNOUNCES PRICING OF SOLSTICE ADVANCED MATERIALS' OFFERING OF SENIOR NOTES IN CONNECTION WITH PLANNED SPIN-OFF
CHARLOTTE, N.C., Sept. 16, 2025 /PRNewswire/ -- Honeywell (NASDAQ: HON) today announced that, in connection with the previously announced spin-off (the "Spin-Off") of Solstice Advanced Materials Inc. ("Solstice") from Honeywell, Solstice has priced a private offering of $1 billion aggregate…
Coverage Details
Total News Sources25
Leaning Left3Leaning Right3Center7Last UpdatedBias Distribution54% Center
Bias Distribution
- 54% of the sources are Center
54% Center
L 23%
C 54%
R 23%
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